The quantity of coffee auctioned at the Nairobi Coffee Exchange as well as exports declined sharply in July, the Kenya Bureau of Statistics says. In the leading economic indicators' report for July, the bureau said the quantity of coffee auctioned fell from 4,943 MT in May 2013 to 2,410 MT in June 2013 while its average auction price fell from Sh229.83 per kilogram to Sh207.74 per kilogram in the same period.
The quantity of coffee exported decreased from 5,237.7 MT in June 2013 to 4,652.1 MT in July 2013 while its value declined from Sh1.7 billion to Sh1.5 billion over the same period. The bureau said the quantity of processed tea decreased from 30,530 MT in June 2013 to 26,229 MT in July 2013 while its average auction price rose from Sh208.59 per kilogram to Sh211.89 per kilogram over the same period.
Average price for dry maize increased from KSh 36.37 per kilogram in April 2013 to KSh 38.29 per kilogram in May 2013 while the average price for dry beans averaged Sh74.08 per kilogram in May 2013. The quantity of tea exported went up from 37,782.7 MT in June 2013 to 43,760.8 MT in July 2013, while its value increased from Sh8.5 billion to Sh9.9 billion during the same period.
On general terms, the bureau said the volume of trade increased by 22.1 per cent from Sh135.7 billion in June 2013 to Sh165.7 billion in July 2013. Total value of exports rose by 7.5 per cent from Sh38.6 billion to Sh41.5 billion during the same period. Value of imports rose by 28 per cent over the same period. Domestic exports indicated that food and beverages category continued to be the main export category in July 2013 and accounted for 44.27 per cent.